St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-29
ASHLAND'S BIG BOOM.
The Real Estate Fever Has Struck the
Town in Very Aggravated
Form.
Men of Means From All Over the West
Placing Their Thousands in In
veStmentS.
The President Makes a Number OF
Appointments OF Interest in the
West.
Cold Weather at Bismarck Causes a
Let Up in the Missouri
Flood.
Special to the Globe.


ASHLAND. Wis. March 2s.-Conceve
TO yourself an open treasury packed full OF
gold, and crowd of mad men tumbiing
over each other in their wild anxiety to
gather in some of the coin, and you approx
innate the real estate excitement raging in
Ashland. EXtravagant as the stories are
which have reached ST. Paul the halt has
not been told Sums almost fabulous have
been made and will yet be made, and the
rush OF the newcomers to secure some of
the bargains is i'll no wise abated,
nor does it seem likely to
abate before navigation opens. II then.
Some of the most conservative dealers OF st.
Paul and Minneapolis who are here say
that, sudden as has been the rise i'll prop
erty, it is still cheap and far below its real
value. They anticipate just as marked a
rise in the near future. The town is simply
alive with investors. and probably at this
writing no less than 500 Of them are
CRoWDING THE HOTEL LOBBY
and the real estate offices, While every in
coming train adds to The number. Train
loads are expected tomorrow from points
as far distant as St. Louis and Kansas City,
While ST. Paul and Minneapolis will tur-
nish an increased number. While the
Capital City is well represented, Minnea-
politans are most numerous, 1G0 from the
Boston block alone being in the town. The
streets are crowded, and the vii
layers are gazing on in open-mouthed
wonder at the extraordinary activity.
Real estate signs are to be seen on every
side. even the pOrcheS of the hotels being
utilized for the display of maps. Small
frame offices are sprInging up mushroom
like on every hand, and still cannot be
built fast enough TO accommodate the
would be capitalists Every room in the
Colby house is utilized as an office and its
lobby is so crowded that it is difficult to
push ones way through the mob. Rooms
command s. per day and meals are 15 cents
each. Tne struggle to get into the dining
room at each meal almost degenerates into
a free tight. Where
THE COMING HUNDREDS
are going to find an abiding place is mys-
cry, but they can find bed somewhere,
and each will get on to bargain; for bar
gains in plenty are yet to be had by those
vino have nerve and a little ready cash.
There is a good deal of foundation, too. for
the boom. for building is going on on all
sides, and the docks already building are
the largest of their kind on the lakes.
Good acre property at $3.50 and $500 can
vet be secured, and this will either be plat
ted and sold in cheap lots the buyers
of which will get the advantage of
the certain use, or will be sold
in bulk at substantial price. Among the
ST. Paul men who have already realized
handsomely in figures running up into the
thousands are e. G. Rogers, L. X. Stone,
G. V. Bacon, Luther Newport, Harry
johnson, Percy Parker, Whitney Wall,
Smith s. Taylor, FL. H. Fuller. and in fact
almost every one of the st. Paul and Min
neapolis contingent that came up week
ago 1t is thought that the next few days
will see even further excitement.